Illumina Inc’s recent filing unveils that its Chief Executive Officer Thaysen Jacob acquired Company’s shares for reported $0.99 million on Feb 22 ’24. In the deal valued at $135.29 per share,7,330 shares were bought. As a result of this transaction, Thaysen Jacob now holds 14,861 shares worth roughly $1.9 million.
Then, Hoyt Aimee L sold 315 shares, generating $35,545 in total proceeds. Upon selling the shares at $112.84, the SVP, Chief People Officer now owns 8,314 shares.
Before that, TOUSI SUSAN H sold 500 shares. Illumina Inc shares valued at $83,520 were divested by the SVP, Chief Commercial Officer at a price of $167.04 per share. As a result of the transaction, TOUSI SUSAN H now holds 45,524 shares, worth roughly $5.82 million.
HSBC Securities downgraded its Illumina Inc [ILMN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Market perform”. Scotiabank also remained covering ILMN and has increased its forecast on December 18, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. Bernstein revised its rating on December 15, 2023. It rated ILMN as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of ILMN
On Friday, Illumina Inc [NASDAQ:ILMN] saw its stock jump 1.39% to $127.75. Over the last five days, the stock has lost -6.97%. Illumina Inc shares have fallen nearly -8.25% since the year began. Nevertheless, the stocks have fallen -44.51% over the past one year. While a 52-week high of $232.88 was reached on 01/31/24, a 52-week low of $89.00 was recorded on 04/05/24. SMA at 50 days reached $137.31, while 200 days put it at $143.52. A total of 1.1 million shares were traded, compared to the trading of 1.9 million shares in the previous session.
Levels Of Support And Resistance For ILMN Stock
The 24-hour chart illustrates a support level at 124.42, which if violated will result in even more drops to 121.09. On the upside, there is a resistance level at 130.32. A further resistance level may holdings at 132.89. The Relative Strength Index (RSI) on the 14-day chart is 40.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.08%. Stochastics %K at 10.45% indicates the stock is a buying.
How much short interest is there in Illumina Inc?
A steep rise in short interest was recorded in Illumina Inc stocks on Mar 15, 2024, growing by 0.42 million shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.79 million shares. There was a rise of 8.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.29.
The most recent change occurred on December 14, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $170 price target.
